Tax-loss harvesting using correlated positions
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between a company's stock performing well and the company itself doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
META | 1.76 | 0.31 | 0.20 | 0.32 | 1.44 | 3.27 | 24.74 | |||
MSFT | 0.95 | (0.05) | (0.05) | 0.03 | 1.08 | 2.11 | 5.31 | |||
UBER | 1.63 | (0.02) | 0.04 | 0.08 | 1.59 | 2.83 | 18.39 | |||
F | 1.61 | 0.08 | 0.09 | 0.12 | 1.67 | 4.88 | 9.61 | |||
T | 0.94 | (0.03) | (0.07) | 0.02 | 1.18 | 2.18 | 5.92 | |||
A | 1.22 | (0.04) | 0.01 | 0.06 | 1.36 | 2.29 | 6.31 | |||
CRM | 1.22 | (0.14) | 0.00 | (0.01) | 0.00 | 2.83 | 10.84 | |||
JPM | 0.82 | 0.08 | 0.07 | 0.15 | 1.26 | 1.94 | 8.65 | |||
MRK | 0.65 | 0.03 | 0.02 | 0.12 | 0.65 | 1.18 | 6.92 | |||
XOM | 0.79 | 0.31 | 0.30 | 0.75 | 0.45 | 1.96 | 4.66 |
Did you try this?
Run Global Markets Map Now
Global Markets MapGet a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |
All Next | Launch Module |
Thematic Opportunities
Explore Investment Opportunities
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Other Complementary Tools
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Transaction History View history of all your transactions and understand their impact on performance | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |